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medallions are required to operate cabs in many large cities including new york. they were first issued in the big apple during the great depression. >> back in 1937, this little piece of tin sold for $10 each. >> his grandfather bought one of the first badges and medallion financial was born. the company has seen quite a return on that first investment and on hundreds more medallions it bought since then. back in the late '70s when the checker cabs were cruising the streets of new york city, a taxi medallion would set you back less than $100,000. now this piece of metal on the front of your cab will set you back more than a million bugs. >> i don't think we ever thought it would hit a million dollar price. they have gone up 15% per year, 70 years. outperforming dow, gold, nasdaq, real estate. you name it. >> analysts marvel at the company's track record. unlike most banks, medal i don't know never had default on taxi loan. >> real estate lending someone defaults it is years before banks get money back. it is terrific collateral. the medallion is the little tin. if somebody doesn't pay
. >> eliot: as well we should. editor at large of the atlantic, steve clemons president of ploughshares fund, joe cirincione. seemingly they're right back where they started. what speakakakakakakakakakakakakakakakakakakakakakakakakakakakak nobody knows disasters like comedians. >> new york, the high-tech resilient city. just don't get us wet. what the hell was that? >> that's from my upcoming benefit for victims of hurricane sandy. i booked the strongest, smartest comics i could find. my comedian friends and i will raise money to rebuild homes and lives one laugh at a time. >> awe damn, the lights are out! you know what? i'll watch a little television until they come back on. >> only on current tv. >> eliot: on the 18 -- only 18 days remain until we go over the so-called fiscal cliff and with congress once again heading home after another grueling two-day work week, president obama met once again with speaker boehner. while the president keeps talking about revenues, speaker boehner focuses on expenditures and it is hard to tell if any progress is being made.
not bomb from the air civilian targets and they didn't by and large. the liftoff had always said announcements and penalties for people who violated the strict instructions not to cause civilian damage until about a year into the war then made a navigation error, struck the city of london, the docks of london. churchill says, i'll show you how that works. the bomb our civilian targets, obama berlin. he bones milan. ... one, berlin is 100 on london. perot loses the war, but he destroys london's -- london from the air. and, of course, the british and the americans who had this was a war crime remembered that deal. by the end of the war, no one had the nerve to bring charges that nuremberg for the war crime of civilian bombing from the air . that tells us, i think, how even if we had in agreement with the other side of of cyber war have those laws would actually play out. we would not be able to contain a cyber war anymore than we could contain bombing from the air, which means that essentially we are engaged in a fool's errand to try and get legal norms on cyber war. it is not goin
time. stay alert. if you have any tornado watches or warnings for your city, seek shelter immediately because that risk is very real especially in this area shaded in red and outer banks of north carolina and isolated tornados, damaging wind gusts and large hail from some of the thunderstorms. blizzard warnsing are in effect. not just heavy snowfall, up to six inches across parts of the midwest. you factor in wind gusts over 40 miles per hour. in parts of indiana, illinois, and ohio. we have winter storm warnings in portions of pennsylvania, upstate new york and portions of new england. jamie, for parts of new york city looks like we'll get a coating throughout the evening rush. the heavy snowfall will stay further to the west. jamie: maria molina will be pretty busy today. thank you, maria. of course these tornados i was mentioning are pretty rare occurrence in winter. but they do happen and can often be deadly. in fact over last three years 21 people have been killed by tornados this time of year. average of 34 tornados spring up in the month of december. the last time a tornado str
and about box and the point i was trying to stress is i think the u.s. writ large, the government and also the civil society organizations and others were standing on the side lines here. they have to do private city along the same line. right now i think the u.s. policy, and again, u.s. government policy that those of you i think in the civil society and others were sitting on the sidelines here where there's a desire among the political forces including the under islamists who want to bring about change in their political movement and were for the large part sitting on the side line here and we need to do more. >> we do need to move on to the q&a portion here. i would like to take a few questions from the audience the if you have a question raise your hand. we have migrants' circulating and we will take ten minutes before we begin to wrap up. >> i'm on the center for democracy and human rights in saudi arabia in washington, d.c. what's missing over on these discussions which i tend to miss them less and less is the fact that islamists haven't been told all along. the other point is there
things in america work. l'enfant, who designed washington's city, there was competition. he submitted the designs for a polis. americans were not having a palace. it was not particularly awe inspiring. in 1821, a european diplomat said it was neither large nor awe inspiring but the answer the congressman dave said the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its permanent resident. >> the key -- vicky goldberg has gathered a few of her paper white house totals. watch sunday evening at 7:30 eastern and pacific on american history tv. >> bankamerica ceo brian monahan said the government, lenders and borrowers have to reset their expectations on home ownership. he called for fannie mae, freddie mac and the federal health administration to return to the primary focus on helping low and moderate income homebuyers. he spoke at a brookings institution and bent on future of home ownership. this is just under an hour. >> good morning. i'm vice president and co- director of the economic study program at brookings, i'm pl
Search Results 0 to 5 of about 6

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